Thanks for all the helpful info.

I used to help managed STR's in Nashville.

•Get advice from a tax professional or CPA – If the IRS considers this a related-party transaction, they can help you navigate the rules to stay compliant.

I would have been told by someone about index services (with correct hours) before spending $40 in postage to overnight something to Springfield.Hope my experience helps a fellow investor.

Putting numbers on it would help give you more accurate guidance.

Hope this helps!

I’ll try to give as much helpful advice as possible. 

Not a helpful comment but lists are mostly useless.

It sounds like you might be in the situation I'm in: buying a vacation home that I plan to use as a STR when I'm not using it so that other people can help pay my mortgage.

To help those people in crisis that’s causing a severe strain in our system and community.